1、 Price trend
| PVA |
The average ex factory price of oil to ethylene glycol in North China on September 4 was 3900 yuan / ton, an increase of 67 yuan / ton or 1.74% over last week, according to business agency data.
On September 3, the market price of ethylene glycol in East China was 3900 yuan / ton, up 135 yuan / ton or 3.59% over the same period last week.
2、 Analysis of influencing factors
As of September 3, the total ethylene glycol inventory in the main ports of East China was 1376500 tons, an increase of 22100 tons or 1.63% compared with last Thursday, and 57600 tons or 4.37% higher than that of Monday.
In terms of shipment, the average daily shipment of Zhangjiagang and Taicang all dropped significantly this week, among which the daily average shipment of Zhangjiagang was 6600 tons, and that of Taicang was 5700 tons.
| PVA 1788 (PVA BP17) |
At present, the operating rate of ethylene glycol is about 55%, and that of polyester is about 89%.
In terms of units, the overhaul of Zhongyan hongsifang ethylene glycol plant with an annual output of 300000 tons is nearing the end, and it is planned to restart around September 12; the 700 thousand ton ethylene glycol unit of Lotte in the United States has been damaged by the hurricane, so the shutdown time of the unit has been extended, and the restart time has not been determined.
3、 Analysis and prediction
This week due to poor shipment, so in a few consecutive weeks after the inventory, inventory rose again. Recently, there are few maintenance plans for domestic plants, and many new units are put into operation. However, due to the maintenance of downstream polyester, the expected output will be less than the previous stage. If the demand side can not be improved enough, the price of ethylene glycol will be difficult to get strong support.
| POLYVINYL ALCOHOL |